Golden Nugget Online Gaming (NASDAQ:GNOG) is a deeply undervalued play in the fast-growing online gaming arena. Recently GNOG stock floated down after closing its SPAC (special purpose acquisition corp.)
Similarly How much is Golden Nugget stock? $ 5.95
| Close | Chg | Chg % |
|---|---|---|
| $6.00 | -0.11 | -1.80% |
Who owns GNOG? Top 10 Owners of Golden Nugget Online Gaming Inc
| Stockholder | Stake | Total value ($) |
|---|---|---|
| Versor Investments LP | 15.00% | 60,064,937 |
| BlackRock Fund Advisors | 5.14% | 20,589,690 |
| Millennium Management LLC | 4.37% | 17,486,303 |
| The Vanguard Group, Inc. | 4.25% | 17,010,439 |
Additionally, Is GNOG a good stock?
The financial health and growth prospects of GNOG, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.
What will happen to GNOG shares?
DraftKings (NASDAQ:DKNG) announced on Aug. 9 that it will purchase Golden Nugget Online Gaming (NASDAQ:GNOG) in an all-stock transaction. Upon the closing of the deal, each GNOG shareholder will get 0.365 of a share of DKNG stock for every share of Golden Nugget they own.
How many shares of GNOG are there? Share Statistics
GNOG has 46.88 million shares outstanding. The number of shares has increased by 26.33% in one year.
What happens to my GNOG stock? DraftKings (NASDAQ:DKNG) announced on Aug. 9 that it will purchase Golden Nugget Online Gaming (NASDAQ:GNOG) in an all-stock transaction. Upon the closing of the deal, each GNOG shareholder will get 0.365 of a share of DKNG stock for every share of Golden Nugget they own.
What will happen to Golden Nugget stock? Under the terms of the merger agreement entered into on August 9, 2021 (the “Merger Agreement”), Golden Nugget Online Gaming stockholders would receive a fixed ratio of 0.365 shares of New DraftKings’ Class A Common Stock for each Common Share of Golden Nugget Online Gaming they hold on the record date (the “Exchange …
What will happen to GNOG shareholders?
If the merger is consummated, each existing GNOG Common Share will be converted into the right to receive 0.365 DKNG Class A Common Shares. Cash will be paid in lieu of fractional DKNG shares.
What is Golden Nugget stock symbol? (« Golden Nugget ») (Nasdaq:GNOG) on behalf of the company’s stockholders.
Is Rush Street Interactive profitable?
Revenue was $488.1 million during full year 2021, an increase of 75%, compared to $278.5 million during full year 2020. Net loss was $71.1 million during full year 2021, compared to a net loss of $131.6 million during full year 2020.
What company did DraftKings buy? On March 30, 2021, DraftKings announced its acquisition of the Vegas Stats & Information Network (VSiN), a Las Vegas-based broadcaster focusing on sports betting-oriented programming.
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What sector is GNOG in?
Key Data
| Label | Value |
|---|---|
| Exchange | NASDAQ-GM |
| Sector | Consumer Services |
| Industry | Services-Misc. Amusement & Recreation |
| 1 Year Target | $23.41 |
Will GNOG become DraftKings? DraftKings and GNOG will become wholly owned subsidiaries of New Duke Holdco, which will be renamed DraftKings Inc. immediately following the completion of the mergers. The MGC’s decision approves one of the means by which DraftKings and GNOG plan to implement the transactions under their merger agreement.
Is DraftKings still buying Golden Nugget? US daily fantasy and betting giant DraftKings has entered into a definitive agreement to buy online gambling firm Golden Nugget Online Gaming (GNOG) in a deal worth approximately US$1.56 billion. The all-stock transaction is expected to close in the first quarter of 2022, subject to approval of GNOG stockholders.
Is DraftKings buying GNOG?
Under the terms of DraftKings and GNOG’s agreement, New Duke Holdco, a wholly owned subsidiary of DraftKings, will acquire (i) 100% of DraftKings, (ii) 100% of GNOG and (iii) the portion of GNOG’s operating subsidiary that is not currently owned by GNOG from Landry’s Fertitta.
Did DraftKings Buy Golden Nugget? DraftKings agreed to acquire Golden Nugget Online Gaming for $1.56 billion in stock. Golden Nugget Online shareholders will receive 0.356 DraftKings shares, which is a roughly 53% premium to Golden Nugget Online’s stock on Friday.
Who is Golden Nugget merging with?
DraftKings reached an agreement to acquire Golden Nugget Gaming ($GNOG) in August 2021 for $1.56 billion in an all-stock deal. The agreement was announced in early August 2021 and is expected to close in early 2022.
What happens to GNOG stock after merger? The business started trading on the Nasdaq on 16 October 2020, meaning that it must complete a merger by 16 October 2022 or it will cease trading and redeem all of its shares.
